On Tuesday, gold prices fell 0.2%, with August futures settling at $4,157.40 an ounce. This marks the first negative day in four sessions and continues a downward trend that has seen gold prices drop over 20% since the onset of the Iran conflict in late February.
The precious metal reached an all-time high of $5,626.80 earlier this year, but has since lost much of its geopolitical premium, now sitting below the $4,000 mark for the first time since November 6, 2025. Year-to-date, gold is down 4.2%, indicating a broader market shift as investors reassess their positions in light of current events